News by subject: BANKRUPTCY

YogaWorks, (the "Company"), one of the leading providers of authentic yoga instruction in the United States, announced today that it has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court...

Ohio-based TradeGlobal LLC was expected to close its doors following its voluntary chapter 11 bankruptcy last year. Instead it has opened them wider than ever, with the company emerging under new ownership. Force 10 Partners, a premier operational...

Centric Brands LLC (the "Company"), a leading lifestyle brands collective, announced today that it has completed its financial restructuring and emerged from voluntary Chapter 11 proceedings, implementing the Company's Plan of Reorganization (the...

24 Hour Fitness (the "Company"), an industry-leading fitness brand for over 35 years, today announced that it has entered into a restructuring support agreement (the "RSA") with lenders beneficially holding approximately 73% of the Company's secured...

Ruby Tuesday announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Prior to its filing, the Company reached an understanding with its secured lenders to support its restructuring through...

At a time when hospitals are hardest hit, needed most, and trying to survive through mergers that decimate staff and services, Thomas Health will emerge from bankruptcy with no reductions in patient care. The West Virginia-based nonprofit beat the...

Superior Energy Services ("Superior" or the "Company") announced today that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") with a group of its senior noteholders (the "Ad Hoc Noteholder Group") that...

BBX Capital Corporation ("Parent") and its subsidiary, BBX Capital Florida LLC ("New BBX Capital"), announced today that their subsidiary, IT'SUGAR LLC and its subsidiaries ("IT'SUGAR"), has filed voluntary petitions under Chapter 11 of Title 11 of...

FTS International, Inc. ("FTSI" or the "Company") today announced that it has entered into a second amended and restated restructuring support agreement (the "RSA") with creditors holding approximately 87.55% of the principal amount outstanding of...

Garrett Motion Inc. ("Garrett" or the "Company") today announced that it has entered into an agreement with KPS Capital Partners, LP ("KPS") with respect to a potential purchase of its business and commenced voluntary Chapter 11 cases with the...

LSC Communications, Inc. ("LSC" or the "Company") today announced that the Company has entered into a stock and asset purchase agreement (the "Purchase Agreement") with an affiliate of Atlas Holdings LLC ("Atlas" or the "Purchaser") with the support...

iQor ("the Company"), a managed services provider of customer engagement and technology-enabled BPO solutions, announced today that iQor Holdings Inc. and each of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 of the U.S....

Zargon Oil & Gas Ltd. (the "Company" or "Zargon") announces that its board of directors has authorized the Company to file a Notice of Intention to Make a Proposal ("Notice of Intention") to its creditors under the provisions of Part III, Division I...

Shiloh Industries, Inc. (the "Company") an environmentally focused global supplier of lightweighting, noise and vibration solutions, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for all...

Whiting Petroleum Corporation ("Whiting" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from Chapter 11 protection. Whiting officially concluded its reorganization after completing all...

RTW Retailwinds, Inc. ("RTW" or the "Company") [OTC PINK:RTWIQ], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, announced today that after a bankruptcy auction on Friday August 28, 2020 it has entered...

Shiloh Industries, Inc. (the "Company" or "Shiloh") an environmentally focused global supplier of lightweighting, noise and vibration solutions, announced today that it has entered into a stalking horse stock and asset purchase agreement with...

OTC Pink:JASNQ -- Jason Holdings Inc. ("Jason" or the "Company"), formerly Jason Industries Inc., announced today that the Company and its U.S. subsidiaries will emerge from Chapter 11 effective as of 11:59 pm today. This milestone will mark the...

Jason Industries ("Jason" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization (the "Plan"), clearing the way for Jason to successfully...

FTS International, Inc. ("FTSI" or the "Company") today announced that it has entered into a restructuring support agreement (the "Agreement") with approximately 75 percent of the holders of the Company's 6.250% senior secured notes due 2022 (the...

Alpha Guardian may be a leader in secure storage, but after its 2017 merger left the company in excess of $120 million in debt, it took the trusted bankruptcy experts lead by Nicholas Rubin of Force 10 Partners and Gregory Garman of Garman Turner...

Frontier Communications Corporation ("Frontier" or the "Company") today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization (the "Plan"), subject to final documentation....

NPC International, Inc. ("NPC" or the "Company") today announced that it has reached an agreement with Pizza Hut, whose parent company is Yum! Brands, Inc., on the optimization of its restaurant portfolio and that it will launch a sale process for...

Whiting Petroleum Corporation ("Whiting" or the "Company") today announced the expected appointment of Lynn Peterson, a 40-year oil and gas industry veteran, as Chief Executive Officer, effective as of the Company's anticipated emergence from...

LT Smile Corporation, along with its subsidiaries Benevis Holding Corporation, Benevis Corporation, Benevis, LLC, Benevis Affiliates, LLC and Benevis Informatics LLC ("Benevis" and "Company"), announced that it has filed voluntary petitions for...

Tailored Brands, Inc. and certain of its subsidiaries (collectively "Tailored Brands" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with more than 75% of its senior lenders. The RSA outlines...

Mood Media, the world's leading on-premise and connected media solutions company dedicated to elevating the Customer Experience, today announced that it has taken the next step to implement the "prepackaged" financial restructuring plan that will...

California Pizza Kitchen ("CPK") today announced that it has entered into a restructuring support agreement with its first lien lenders (the "Agreement") that will equitize the vast majority of CPK's long term debt. In order to implement this...

APC Automotive Technologies, LLC, together with certain of its subsidiaries, ("APC" or the "Company"), today announced that it has successfully implemented the debt restructuring set out in the Restructuring Support Agreement with its asset-based...

California Resources Corporation announced today that it has entered into an amended and restated Restructuring Support Agreement with approximately 85% of the holders of its term loans due 2017 and 68% of the holders of its unsecured and deficiency...

Brooks Brothers (the "Company"), America's oldest apparel company, today announced that it has filed a motion in the United States Bankruptcy Court for the District of Delaware to obtain court approval of an asset purchase agreement with stalking...

California Resources Corporation (the "Company" or "CRC"), an independent California-based oil and natural gas exploration and production company, today announced it has entered into a Restructuring Support Agreement ("RSA") with holders of...

RTW Retailwinds, Inc. [OTC PINK:RTWI], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced that it and its subsidiaries (collectively, the "Company") have filed voluntary petitions for relief...

Emergence from Chapter 11   At a hearing on June 30, 2020, the U.S. Bankruptcy Court for the Southern District of New York confirmed the joint Plan of Reorganization (the "Plan") of Seabras 1 USA, LLC and Seabras 1 Bermuda Ltd. (the...

Sur La Table ("the Company"), the leading retail destination since 1972 for those passionate about cooking and entertaining, today announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy...

Brooks Brothers, America's oldest apparel company, today announced that it has commenced Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to facilitate a value-maximizing sale process. A transaction would ensure...

Emergence from Chapter 11 At a hearing on June 30, 2020, the U.S. Bankruptcy Court for the Southern District of New York confirmed the joint Plan of Reorganization (the "Plan") of Seabras 1 USA, LLC and Seabras 1 Bermuda Ltd. (the "Companies").  On...

Quorum Health Corporation has successfully completed its financial restructuring and emerged from the Chapter 11 process in U.S. Bankruptcy Court for the District of Delaware. The Company announced the appointment of veteran health care executive...

Endologix, Inc. ("Endologix" or "the Company"), a developer and marketer of innovative treatments for aortic disorders, today announced that, after evaluating a variety of strategic options, it has initiated a voluntary Chapter 11 case and...

Faraday Future (FF), a California-based global shared intelligent mobility company, officially confirmed the bankruptcy reorganization procedures of its founder and CPUO (Chief Product and User Ecosystem Officer), YT Jia (YT), have been completed....

PG&E Corporation (the "Corporation") and Pacific Gas and Electric Company (the "Utility," together "PG&E") announced today that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E's Plan of...

Foresight Energy LP ("Old Foresight") announced today that it has consummated its chapter 11 plan of reorganization (the "Plan"). In connection with consummation of the Plan on June 30, 2020 (the "Effective Date"), all of Old Foresight's assets...

Quorum Health Corporation (the "Company") has received Court approval of its prepackaged plan to recapitalize the business. The decision paves the way for the Company to complete its financial reorganization and successfully emerge from Chapter 11....

Crestwood Equity Partners LP ("Crestwood") announced today that Chesapeake Energy ("Chesapeake"), a customer in the Powder River Basin and northeast Marcellus, has filed for protection under Chapter 11 of the U.S. bankruptcy code. Crestwood has...

Mood Media, the world's leading on-premise and connected media solutions company dedicated to elevating the Customer Experience, today announced that it has entered into a comprehensive Restructuring Support Agreement (the "RSA") with certain of its...

Windstream Holdings, Inc., a leading provider of advanced network communications and technology solutions, today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has confirmed the Company's Plan of...

Foresight Energy LP ("Foresight") announced today that the United States Bankruptcy Court for the Eastern District of Missouri has issued an order confirming Foresight's chapter 11 plan of reorganization (the "Plan"). The Plan provides for the...

Jason Industries, Inc. ("Jason" or the "Company") today announced that it is taking two important steps in its previously announced comprehensive restructuring plan that, once completed, will deleverage the Company's balance sheet by $250 million....

Following the formal confirmation of the company's Plan of Reorganization ("Plan of Reorganization") by the United States Bankruptcy Court yesterday, PG&E Corporation (the "Corporation") and Pacific Gas and Electric Company (the "Utility," together...

PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") announced today that the United States Bankruptcy Court for the Northern District of California has confirmed the company's Chapter 11 Plan of Reorganization (the Plan). This...